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CNBC
Nov 1, 2013 3:00pm EDT
. >> thank you. next we'll hear from the chief of the los angeles police department, who's involved in this and some of the operations as well. chief charlie beck. >> very briefly. i want to command the men and women of pd for their response to this situation. we have los angeles police department, tsa, fbi, laso and other agencies. we will treat this incident with the unified command. many, many details will not be given out at this point. we will not speak about the nature of injuries, we will not speak about the suspect. the investigation is being handled with the fbi with the cooperation of the los angeles police department. again, tremendous unified response. know that this region worries about its airport because of the complex issues involved with various jurisdictions. it was handled very well today. thank you. >> hold on, one second. we'll next hear from fbi special agent in charge. special agent to talk about the investigation. >> special agent in charge of the fbi-b b-o-w-e-c-i-h. we're working with l.a. police department in respect to this investigation. the investigatio
CNBC
Nov 1, 2013 7:00pm EDT
the developing news out at the los angeles international airport tonight where a shooting earlier today left one tsa agent dead and as many as seven others injured. we're awaiting a news conference from authorities in just a minute. but first, let's check in with cnbc's scott cohn who joins us now live with the latest details. good evening, scott. >> reporter: good evening, larry. friday morning at los angeles international airport. business travelers headed home at the end of the week. others getting an early start on the weekend when a man in the terminal pulls an assault rifle out of a bag and starts shooting. he blasts his way where passengers normally exit and then makes it a actual way to gates before he is shot by police. one tsa officer is dead, the first killed in the line of duty in the 12-year history. multiple other officers were hurt. airport authorities say in all some seven people were injured, at least one critically. the suspected gunman is paul anthony ciancia, originally from new jersey, living in los angeles, employment unknown, motive unknown, but apparently was carrying pap
CNBC
Nov 1, 2013 2:00pm EDT
>>> you are looking at live video of los angeles international airport, where the situation is still very tense, following a shooting at terminal three this morning, there's not known how many people have been shot but one of the victims is reported to be a tsa agent and that agent has been killed. lax is the third busiest airport in america and it is shut down for all but incoming flights that need to land. we've got a busy show with the latest developments. >> we're hearing the suspect is in custody. let's get more from scott cohn. >> as we've been reporting this got under way 9:30 local time, 12:30 eastern time in terminal three of lax, nbc news justice correspondent pete williams citing multiple law enforcement sources says that one tsa employee was shot and killed, it apparently unfolded at the checkpoint going into security, the point in the security line where you show your documents. there are reports that the shooter was armed with a rifle. the suspect according to lax now says that the suspect is in custody, and the lapd does have a news conference scheduled for th
CNBC
Nov 1, 2013 1:00pm EDT
're watching live coverage from our nbc station in los angeles, knbc, of an incident still unfolding at los angeles international airport. i'm scott cohn in the cnbc newsroom. 9:30 west coast time, 12:30 eastern time there were reports of shots fired in terminal three at lax. that's the terminal that serves aleen allegiant, front tier, jetblue, virgin australia. what we know we believe what people have been injured. there are multiple reports about the suspect, whether he or she is injured, in custody or whatever. as you've seen from knbc there is a triage unit being set up outside terminal three and it appears as if air traffic at lax is shut down, so that's yet another effect of this, as it continues to unfold. let's go back now to more live coverage from knbc. >> -- with you right now we want to connect with nick hugh, we're told he was at the airport at lax when this shooting occurred. nick, are you joining us? >> yeah, i'm here. >> you can tell us what you saw? >> yeah, i was in the virgin america terminal waiting in line for security on the upper mezzanine, and we were just standing t
CNBC
Nov 1, 2013 4:00pm EDT
griffeth will rejoin me in a moment pop a day dominated with tragic events in los angeles, here's how we're finishing the day on wall street. dow giving back some to close at 68 points. nasdaq up 2.3 and s&p up about 5. we're still watching some developments out of l.a.x. we've been turning to l.a.x. all afternoon for some of those developments. we want to send it back to scott now. >> thanks. just before 9:30 on a friday morning, a busy airport, nation's third busiest at l.a.x. business travelers going home for a long week, people getting started on a long weekend and a gunman bursts through security line with an assault rifle. he shoots one tsa officer fatally, injuries another and continues almost all the way back to the airport gates. nbc news, according to law enforcement officials, say he's paul anthony ciancia, 23 years old, u.s. citizen. apparently not related to the tsa. there were conflicting reports earlier. authorities say seven people in all were injured. six taken to local hospitals. ciancia's condition is not known but apparently he was shot by police. authorities at the a
CNBC
Nov 1, 2013 5:00pm EDT
was living in los angeles. he was reported, according to nbc's pete williams to be carrying anti-government materials, which suggests that might be a possible motive, but we do not know. our jane wells on the ground outside lax says that air traffic is starting to return to normal, as law enforcement clears all terminals, because all terminals were evacuated in this incident. that began about shortly before 9:30 this morning, pacific time. some flights now returning, as we can see the map beginning to fill up with flights, coming back. but still, a nationwide ground stop in effect. so flights that were bound for los angeles and had not left yet are being held on the ground. we of course are continuing to follow the story, as it develops, we will keep you posted. >> live from the nasdaq markets in new york city's times square. this is fast money. america's post market show. i'm melissa lee let's get to our top story, the final stretch, a record run for stocks this year. and on october for the books, year to date the dow up 19%. the s & p 500 up 24%. but with new highs after new hi
CNBC
Nov 1, 2013 12:00pm EDT
in the cnbc newsroom. we are watching details of an apparent shooting incident at los angeles international airport. l.a.x. has tweeted that there's an incident under way, that law enforcement is on the scene, and that more information is to follow. the faa is declining to comment. this is terminal 3, which includes virgin atlantic airways, and you can see a live picture of the scene that's now unfolding at l.a.x. and we have seen tweets going on for a while -- well, the last ten minutes or so, of people saying that we're being evacuated, there's a situation under way. obviously, we're trying to get a handle on exactly what this is. but we will have more as we get it, and we'll have more on the "halftime report" coming up after a break. >>> welcome back. we continue to follow this developing story out of lax, out in los angeles. scott cohn is back at headquarters with the breaking news there. scott, what can you tell us now? >> it's terminal three at lax. the airlines, leemgon air, front line, jetblue and spirit. we'll join cor average from knbc. >> -- spokesperson told us the shooting happ
CNBC
Nov 1, 2013 5:30pm EDT
of its officers has been killed in the line of duty. this after a shootout at lax, los angeles international airport, just after 9:00 this morning, local time. authorities say that a gunman carrying an assault rifle in a bag, took it out of the bag, blasted his way through security. then was shot in a gun battle with police. the suspect, identified as paul anthony ciancia, 23 years old. u.s. citizen, living in los angeles. apparently originally from pensville, new jersey outside philadelphia. quoting local authorities, and this confirmed by federal authorities, say that paul ciancia sent his brother a text message this morning, claiming that he was thinking about taking his own life. pensville police were alerted after the incidents took place. the police chief called the lapd asked him to check on him. he was not there, roommates said he was okay. clearly he was not. authorities say that seven people in all were wounded in the shooting. six of them transported to local hospitals. none of the identities have been released yet. again, one tsa officer killed, multiple wounded, th
CNBC
Nov 4, 2013 4:00pm EST
said it would increase to $4.9 billion overall. >>> terminal 3 at l.a.x. los angeles international airport, has reopened following friday's deadly shooting rampage. the suspect, paul ciancia, who was shot four times by police who has been hospitalized heavily sedated and under 24-hour armed guards. from los angeles with the very latest. jennifer, what can you tell us? >> reporter: maria, terminal 3 is back to normal. a lot of airport employees have said -- commented how quiet of a day it is around here at all of the airport. we can tell you here at the tsa checkpoint where the officer was gunned down first is where paul ciancia is the one who walked through the door right here and at the bottom of the stairs we're told open fire. where you see the flowers is where that tsa officer fell. ciancia allegedly went up the stairs, kept firing back at that tsa officer, and accomplished one of his goals, to kill a tsa officer, and the second goal, to show how easily it is to get a gun into the airport. in fact, what happened friday is likely going to change the way thin
CNBC
Nov 20, 2013 1:00pm EST
've been in seattle a few years and recently expanded to los angeles and are growing the neighborhoods that they're serving in los angeles right now. and there have been plenty of reports they're looking up to 20 more markets in the next year or two. >> jason, thanks a million. appreciate it. >> thank you. >> jason del ray. check out the yahoo! finance question of the day. would you buy amazon branded supermarket goods, 39% say sure if they're better and cheaper, 7% say no, 55% say no, i don't buy my groceries on-line. ty? >> interesting. very interesting stuff. i actually like going to the grocery store. that's one of my little pleasures of the week. all right. folks, up next, an update from the floor of the new york stock exchange where sue is, plus the bond report, mr. santelli, and real life rock star. >> coming up, power pitch. this rock climbing duo wants to scale their business to new heights but do they have what it takes to rope you in? stay tuned to find out. >>> time for the power pitch. entrepreneurs 60 seconds to make their pitch and our panelists will decide whether they
CNBC
Nov 29, 2013 12:00pm EST
, retail-wise. we have a target in los angeles. and a best buy in san jose, california. we're going to get a sense of what the hot items are shaping up to be at those outlets. >>> if you think some of the deals at the mall are a good deal today, wait until cyber monday. it has a lot to do with travel sales. that might be the time to plan the winter vacation. the ceo of priceline north america will join us here in a bit on "closing bell." tdd#: 1-888-648-6021 bring what inspires you tdd#: 1-888-648-6021 out there... in here. tdd#: 1-888-648-6021 out there, tdd#: 1-888-648-6021 there are stocks on the move. tdd#: 1-888-648-6021 in here, streetsmart edge has tdd#: 1-888-648-6021 chart pattern recognition tdd#: 1-888-648-6021 which shows you which ones are bullish or bearish. tdd#: 1-888-648-6021 now, earn 300 commission-free online trades. tdd#: 1-888-648-6021 call 1-888-648-6021 tdd#: 1-888-648-6021 or go to schwab.com/trading to learn how. tdd#: 1-888-648-6021 our trading specialists can tdd#: 1-888-648-6021 help you set up your platform. tdd#: 1-888-648-6021 because when your tools look th
CNBC
Nov 12, 2013 9:00am EST
will be implemented in new york and los angeles and roll out to larger networks in 2014. the question is will amazon be able to save the postal service? we have the new president of the mostal workers union and i believe beginning his new post today, right? >> that's right. it's my first job in office. >> we love inaugurating a new president. great to have you in. do you feel like you've won over on ups and fedex? >> i don't know that we've won one over on anybody. the american postal workers union and i'm sure the other postal unions are very pleased when the postal service decides to provide greater service to the people of this country. and the sunday delivery with the amazon products is a good step in that direction. it's more service, better service and that's what the post services should be all about. i don't know that it's getting one over on anybody but it's certainly a got step for the postal service and the postal workers. >> absolutely. everybody used the announcement yesterday as a chance to revisit just what the usps has been through, letter volume down 50% in a decade, losing $21 bill
CNBC
Nov 19, 2013 9:00am EST
is unveiling its first electric vehicle today at the los angeles auto show. our own phil lebeau is there live, joining us with the president of audi america and with a first look at the car. over to you, phil. >> reporter: thank you very much, kelly. independent joined by scott keogh. but i have to ask you about the federal government opening a formal investigation for the battery system of the tesla model. it raises the question are you concerned about what this might do in terms of enthusiasm for electric vehicles? >> i think nhtsa needs to do what it needs to do to investigate the technology. there's always going to be a teething pain with new technology. longer term i don't see it. >> reporter: does it speak people at all when will they see the investigations, the general public in terms of interest in electric vehicle? >> overall i would say no. i think it's a big tempest in a tea pot. the consumers are buying hybrids and plug-in hybrids and they believe in this technology. long-term sustainable, it's going to be there. >> reporter: let's talk about your first electric plug-in hybrid. i
CNBC
Nov 5, 2013 3:00pm EST
you very much. we're just a few days removed from the deadly shooting at l.a.x., los angeles international airport last friday. that sparked discussions, including a discussion right here on "closing bell" last friday about stiffer security at the nation's airports. we also talked about how to better protect our nation's public shopping centers across the country. including with one of our next guests here, maria. >> our scott cohen is at the scene at garden state plaza, and joining us is mall security, michael rosen. michael, let's kick it off with you. the new jersey mall shooter was able to walk into the mall, he had a rifle. what kind of measures do you think need to be taken to prevent that from happening again? >> maria, and bill, thank you for having me here. >> welcome back. >> thank you, bill. it's important to understand that incidents like this don't just happen. and as much as we're focused on response, we have to invest and quadruple our effort when it comes to prevention. that is the only opportunity we have to truly prevent incidents like that from happening in
CNBC
Nov 6, 2013 4:00pm EST
los angeles even more specific malibu really did suffer when the global economic crisis occurred. and our prices in some cases depreciated from 30% to 50% so knowing that they dropped that much, we became a very attractive market to investors and second home and third home users, which i think drove our market up. but a lot of these buyers are coming in with cash and they are and/or putting down large down payments and seeing equity invested and i think we're pretty safe going forward. >> diana i guess you have to also look at the level of interest rates in terms of new purchases. >> yeah, i guess but in a market like malibu you're not relying on a mortgage probably as madison said it's all cash and would love to know from madison how many of your buyers are international buyers because we see in california a huge influx not just on the ultra high end but even in the midrange of buyers coming in from asia, from russia, buying up your real estate. >> correct. we do have a very nice proportion of overseas buyers, but what's interesting, when you say inte
CNBC
Nov 11, 2013 4:00pm EST
.s. post service to deliver online orders on sunday. right now it's only in the new york and los angeles areas, but if it's profitable for amazon and the post office, you can bet it will go nationwide. want to talk about that right now, and a lot more with thl partners scott sterling, private equity leader. good to have you on the program. >> thank you. >> before we get to some of your other investments, what do you think this moves for online retail? brick and mortar retailers, are they going to get stuck behind the eight ball considering this is a big move for amazon? >> i think it's a continuation of a trend that we've seen accelerate over the last few years, which is customers want convenience, customers want wide selection, they can get it through e-commerce in many cases. they can also get it through super stores in certain categories that offer that broad selection at a relatively low price. i think the bricks and mortar retailers that are going to succeed are the ones with the combination of the strong market presence in a given sector so that they can offer more for their consum
CNBC
Nov 19, 2013 4:00pm EST
, los angeles. so, when you have all this money chasing after real estate, it's not sitting in the bank earning nothing. it's not heading to bonds. it has to go to equities and worldwide up. find your pockets where maybe things have dragged a little bit. maybe you don't jump into momentum stocks although i'm still a tesla lover. if you think about the world and how world economies are working today, all this easing or quantitative easing is simply printing. where is all that money going to go? it's going into the markets and to real estate. gold is down, so gold is no longer an inflation hedge, as they called it. i like to wear my gold. but i think that we don't have to be afraid of this. i think it's a good time to be invested. >> maria, one cautionary note on that. i would be concerned about some of the high-fliers this year like tesla and netflix. if we do get a pullback, say, in the first quarter, we get through year end, you know, those are the stocks that are really susceptible to a pullback. >> have to focus on dividends, growth of dif densd. that will sustain baby boomers. they'
CNBC
Nov 20, 2013 4:00pm EST
. they launched in seattle in 2007. they added los angeles earlier this year. so i think this is potentially a very good opportunity for amazon. a margin-rich category to drive sales. >> lou do you agree with that? >> no. i'm sorry, look. i'm an italian. i love me some meatballs. listen getting into consumer staple products is not going to be the saving grait grace for amazon. how can you justify trading at a four-digit price to earnings ratio and a three-digit guard pe ratio. i challenge to you find another consumer staple or just retail stock in the market trading at those valuations. i think this is a momentum trade that's setting up to end badly. >> what about that tom? >> on the valuation side i would disagree of course. my $460 target looks at free cash flow yield of target, of walmart, costco longer term retailers and looks at amazon's potential to increase margin to where it was in 2004 at 7%. so 7% margin and a 5.5% free flow cash field gets to you $460. >> you said the key thing there, tom, you said potential. look an investment in amazon right now is simply tha
CNBC
Nov 24, 2013 8:00pm EST
for the front lines -- detroit, los angeles, miami, new york, san juan. >> [ speaking spanish ] >> no community big or small is immune. this is no drug raid. [ knock on door ] >> police! arrest warrant! >> they're not taking down a mob boss. >> threat! >> [ grunts ] [ gunshots ] >> this is war. >> all: [ chanting ] what do we want? no cuts! >> you know the frustration. >> all: [ chanting ] who's gonna pay?! who's gonna pay?! >> this is not health reform! this is control! >> you've heard the debate. >> the game of risk is insure
CNBC
Nov 27, 2013 3:00pm EST
, different cheese purveyors in seattle, different bread manufacturers in los angeles. or wheat manufacturers, i should say. >> jack, good to see you. thank you. >> you say the name of the company better than i do. >> sur la table. >> he's early. you'll see him tomorrow, the thanksgiving day parade. but st. nick has come to the floor of the new york stock exchange. >> he's standing behind us. if you thought -- if you thought black friday was early, santa is already here? >> he's shameless. he goes in there -- >> i thought he was santa. >> i thought he'd make a play for one of the elves back there, but i guess not. going for santa there. nice to see you, santa. there we go. bullish or bearish? >> i'm sure he's with the consensus. 20 minutes to go before the closing bell. keeping an eye on markets. dow adding 30 points so not much movement. >> just how important are social networking sites like twitter and face book when it comes to the success of black friday and the holiday shopping season this year? we have more than you might think. we'll explain in a moment. >>> after the break, it's the r
CNBC
Nov 28, 2013 5:00pm EST
. is that a deal? >> yes, absolutely. >> okay, can we shake on that? come on. >> [sniffles] >> i'm back in los angeles, and i was originally on my way to eco-me to talk to robin about jen's performance at the strand hotel in new york... until i got a call from the graphic designer telling me that robin changed the labels. that was way more pressing. robin? so i just got through finding out that you changed the labels. >> we just didn't like the direction it was going. >> our deal was, when i left here, i told you that i was in charge. >> mm-hmm. >> and what i have to start to wonder is, do you take direction well? can i trust you? it's kind of a violation of our agreement. >> you told me to work with the designer. >> but you didn't! you ended up-- >> yeah, we did. >> well, i just got off the phone with them, and they have no idea why the final product looks that way. >> because we were trying to get it that way, and they couldn't. so, at a certain point, we put it into the context of what it-- >> so you just went on your own and did that? are there other times this is gonna happen? i mean, do
CNBC
Nov 28, 2013 6:00pm EST
or may not work, but if we went to animal shelters in the greater los angeles area and we said for every individual or family that adopts a pet, your first grooming or your first training or your first boarding is complimentary. that's our gift back to you for loving dogs as much as we do. although it's a great thing to do for the community, it's also a great way for people to come in. i would call it a loss leader. does that make sense? >> yeah, you're absolutely right, but this has all been discussed before. >> but it didn't-- >> it's all been planned before, and it was attempted... follow-through. i can't ask somebody 10 times, 20 times to do something when people aren't following through. >> i'm not sure i understand. >> there are employees that work here, okay, and a lot of them aren't meeting the mark. >> okay. i don't get it. look, i see great possibilities with this brand and this business, but andrew can't get past blaming everybody else for every single mistake that's made. >> the people that need to go need to go. the people that are causing the problems need to go. >> how do
CNBC
Nov 11, 2013 1:00pm EST
in los angeles and new york a little later this week. so what does this mean for amazon? >> might seem like an odd pairing, innovation and the postal service, but it could help both here. it's interesting, three things that jeff bezos the ceo likes to talk about are price selection and speed and the shipping issue sunday delivery really speak to speed. amazon had about almost $3 billion in losses from shipping costs so it's clearly something they want to invest in. speed particularly important in some of the home good areas where amazon's trying to move in. if you're not sure whether you're going to order that cereal or something like that from amazon, if you know you can get it in a couple days, maybe on sunday, you're probably more likely to order it. >> just in time for the holiday shopping season too. you know a lot of people are saying this is an absolute lifeline for the u.s. postal service. what do you think? >> i took a look at some of the numbers here, sue, and last year, looks like the postal service lost nearly $16 billion. i took a look at their annual report to congress fo
CNBC
Nov 13, 2013 1:00pm EST
los angeles and san francisco, but i think his hands are full right now. >> i'm not an engineer, but seems like you would have to generate so much power and heck, the history of some of these lithium ion batteries has not been all that comforting to flyers or drivers. >> no. those batteries not comforting at all. some fortuitous timing to announce this idea or put forward this idea after this string of news tesla it itself has had in recent days. i don't really feel comfortable with it quite yet but the guy has shown he has a good record. >> we don't have to worry about it for a while. bank branches are shrinking as more consumers make the move to mobile banking. is there any debate, kayla, this is the future of banking? i am stunned that banks still have so many walk-in branches. >> it's funny but when you have a really complex problem, tyler, there's no place you would rather go than to speak with a person face to face. we heard from brian moynihan and tim sloan and they said the branch isn't going away. it might get smaller and be the size of your dry cleaners rather than the
CNBC
Nov 14, 2013 1:00pm EST
the country. lockheed shares on fire this year, up 50%. jane wells live in los angeles with more. jane? >> reporter: hey, robert. the stock was down, but now it's up. ceo marilyn houston says, quote, i regret these actions, actions that include 4,000 job cuts, four facilities closing, downsizing of another, all to be completed by mid-2015. now, a lot of these jobs are in space, missiles, information systems. and the company is offering to help those who are let go with job placement assistance and severance which will result in a 35 cent a share charge for the current quarter. for example, in akron, more than 80% of the jobs will be cut there. and everything closed except for the air dock, which you see there. houston says lockheed has already reduced its work force by 30,000 employees in five years. and after these closures, it will have reduced its footprint by 4 million square feet. quote, there is more work we must do to help our customers achieve their missions and prepare for the continued reductions in u.s. government spending. wells fargo says lockheed continues to reduce its c
CNBC
Nov 19, 2013 1:00pm EST
. will the investigation put a dent into future sales? phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those fires are the focus of the investigation. by the way, nobody was hurt or killed in either of those fires, of which elon musk referenced on twitter today, he's been tweeting out about the fact that they are now the focus of an investigati investigation. he writes what makes this incredibly unjust is that the model s to date has the best safety record of any car on the road an then puts in parentheses, no injuries or deaths ever. it is still unclear whether this investigation will actually lead to a recall. it's not uncommon that they will do an investigation and then at
CNBC
Nov 26, 2013 1:00pm EST
between los angeles and chicago, and that might work, might not work. it's too tricky in order to say we're going to bring in a foreign carrier to fly a few flights in a particular route. >> right. given the weather situation, phil, which, of course, is always changing, how much are the cancellations if they do happen on a widespread basis, going to hurt the airlines over the next couple days? >> flight aware said that they've canceled 339 flights today. i think there will be some impact, but not a huge impact. we haven't heard any estimates from wall street at this point. the airlines factor in x number of days a year where they expect to have a storm that's going to cancel a significant portion of their flights. doesn't help that these are hubs on the east coast that are getting hit by this storm, but so far, based on what we've seen i don't think it's going to be a huge impact, sue. >> well that's some good news. thanks, phil. appreciate it very much. ty, up to you. >> folks, this holiday season is going to be the shortest in at least a decade and this winter storm is adding to retail
CNBC
Nov 11, 2013 2:00pm EST
announcing they're going to start sunday delivery in the new york area, los angeles, pretty much effective immediately. this is especially good for prime members. if you order late thursday, early friday, you might get your stuff before the work week starts. >> so what do you think that we're going to be doing then, john? is this going to be materially benefiting either company or a nice press release? >> it's good for the postal service. based on the report they gave to congress after last year in 2012, they did better than $11.5 billion in revenue from shipping and packages. that's more profitable for them than delivering smaller pieces of mail. extra day of delivery certainly won't help. from amazon they seem to be trying to shift people toward prime. it's got lots of benefits from them. loyalty. those people tend to come back more and their digital media strategy is built on the idea these people who pay $79 a year, get a lot besides that two-day free delivery. they get access to the digital trove. it could only help loyalty if you know you don't have that gap day where you don't know
CNBC
Nov 25, 2013 2:00pm EST
say we ignore the west coast i present to you julia boorstin with a market flash from los angeles. >> thanks so much, brian. lions gate shares up more than 10% its "hunger games" didn't perform quite as well as many had hoped, grossed $307 million worldwide, up from the opening wing weekend of the first "hunger games" film. in the u.s. it grossed significantly better than the first one, of $161.1 million. the grosses were great, but people were hoping for more like $170 million rather than $160 million. sending the stock down over 10% today. brian, we have to keep in mind this stock has gained over 100% over the past year. back over to you. >> slightly full games, not quite stuff. thank you very much. >>> fasten your seat belts, tray tables in the locked position mandy, because up next we're going to crown this the year's teflon stock, nothing seems to be able to hold it down. >> plus a deadly storm is bearing down on a large part of the nation as millions of americans hit the roads and the malls for the holiday weekend. we're going to have the latest on how this storm will impact
CNBC
Nov 26, 2013 2:00pm EST
the california markets, los angeles, san diego, san francisco, still very strong, but the rate of price increase has stopped. we don't expect big price increase. but also places where strong job growth is happening, denver, seattle, dallas, a houston, nashville. the market is fine. it's just the extreme ek ubrans we had is over. it's going to be a more normal market. we need to get credit, though, to those first-time home buyers and it's a problem with the new regulations, make it more difficult for first-time home buyers to enter the market. that is exactly the issue. >> aneika and ken, very wise words. thank you very much for joining us. let's take a look at what the dow is up to. it's up about 25 points, nothing to write home about. the biggest gainer is disney, the biggest loser is merck. it's pretty light trading out there as it is a shortened holiday week. >> and isn't it incredible the best performing stock in the s&p 500 this month is jc penney. >> that's right. >> getting booted out of the s&p but it's going out on top, baby. i'm number one and now i'm gone. >> and it's going over it to
CNBC
Nov 4, 2013 2:00pm EST
of daytime talk sold off a bunch of knickknacks in los angeles over the weekend. look at this. how about $3,000 for an old tv guide cover. other things up for auction included tea pots, lamps without lampshades on somebody's head at a party and a pair of 13 foot long sofas in velvet rope fringed. the sale for her charity brought in more than $600,000. you had me at roped fringe. >> if andy warhol signed that tea pot it could be worth millions. >> absolutely. >> spray painted. >> if none of oprah's old junk caught your eye and you have a few million lying around, we have some art auctions coming our way. >> this is a little more than knickknacks. art auctions this week and next, expected to top $1.6 billion. that would surpass last year's total of $1.2 billion. sotheby's estimating $628 million for its sales and christie's expecting just under a billion for its sales. take a look at the top priced paintings. it's wall-to-wall warhols when you look at the top. christys selling off this coke bottle between 40 and 60 million. warhol actually painted that by hand rather than silk screen. sotheby
CNBC
Nov 27, 2013 2:00pm EST
, operating in three major cities since launching in february. san francisco, boston and most recently los angeles, allowing travelers to park for free with one catch. the catch, someone may rent your car while you're gone. if they don't, it will just sit in parking lot like these but you won't owe anything. but if it's rented there will be money waiting for you. flight car gets you to and from the terminal, ensures vehicles up to a million dollars, screens renters for good driving records and pays owners between 5 and 20 cents a mile. they're quick to fix the occasional uh-oh. >> getting it re paired for me. >> let us know if there's any questions. >> reporter: the creation of two guys not old enough to rent from the big boys. president kevin and ceo rajul, both 19, both putting ivy league kedscations on hold. >> we thought we weren't going to succeed but we did pretty well and decided to continue and i think by that point our parents were a little more adjusted to the idea. >> reporter: for those renting flight car says it will save them up to 70% off normal car rentals. >> we've done ju
CNBC
Nov 22, 2013 2:00pm EST
at just $29,900. >>> this is very cool and a little scary. a filmmaker in los angeles conducted a little social media experiment with the simple question, how easy is it to find out everything about you right now? the result, is nothing short of frightening. >> keep in mind when you watch this video, i got all of this information just by searching their personal social media posts. i got it by searching for the closest twitter instagram and other social media posts to my current location. let's go. >> sorry to bother you. is your name jessica? >> yeah. >> hi. i'm jack. nice to meet you how are you? >> ashley. >> whenever it comes to me. >> i'm jack. >> did you make that up? >> no. >> elena, right? >> yeah. >> joining us now is the man himself, filmmaker and comedian jack bail. julia boorstin with us as well. jack, we love what you did. you did it in a funny way. people surprised, but i think you made a very important and serious point, you could find out all kinds of stuff right now about people just from looking at their tweets and locations? >> true. exactly. and that's what i found ou
CNBC
Nov 11, 2013 9:00am EST
members. only to new york and los angeles at first. in the meantime, a new record for the biggest shopping day for the year. singles day, alibaba says half a day is in. sales on shipping sites have surpassed 3.1 billion. that's half a day. be i the way, that's what they did last year as well. so that's a record for the entire day on november 11th. it only took them about a half a day. maybe they got a 5 billion or who knows, $6 being at alibaba. this started in '09. t-mall, they started this idea that on 11-11, go out and shop. we'll give you a lot of discounts how about their broader platform, 53% of all the packages sent in the country are a result of a purchase on there. but they in '09, they started this. itself it's grown every year. by now it is the largest single shopping day in the world. in the world. >> i was following the action this morning early, the chinese, they have become shoppers. this is again you hear about this great middle classification of china. it's happening very rapidly. this is just yahoo, right? am i overthinking it? >> no, you are not. 22% fully diluted. 24%.
CNBC
Nov 22, 2013 4:00am EST
, held launch events in london, new york and los angeles to mark the arrival of the xbox one. the launch comes a week after the u.s. release of sony's playstation 4 and comes ahead of the critical holiday shopping season. the xbox one will cost around $500. that's $100 more than the ps-4. microsoft's shares are up 40% year to date. the xbox one launch coincides with another big gaming event. nintendo shares higher ahead of its release of the latest super mario game in the u.s. later today. nintendo will release a range of games to go with it. super mario 3d world for its wii console and legend of zelda for its 3ds device. reuters suggest shares are up on a good review of the games and a weaker yen. we'll get more on this with alex simmons from ign about the console battle at 11:30 cet. >>> elsewhere, spotify has reportedly raised $250 million in a new round of funding which values the streaming music company at more than $4 billion. the financing was led by silicon valley firm technology crossover ventures. spotify, based in sweden, is looking to expand its global growth. the service is
CNBC
Nov 29, 2013 6:00am EST
next. >> announcer: before you hit the road, here is your traveler's check. las vegas and los angeles attract business travelers. what else? find out next. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >> announcer: what makes these cities more desirable for conventi conventions? direct rail rides from the airport to downtown. according to the u.s. travel association and american public transportation association. >>> time for the now executive edge. this is our daily sellment focused on giving business leaders a leg up. we start things out with retail. retailers at this point to find out whether buyers are on work computers, mobile devices or standing in the grocery aisle. that data can be connected with other personal information like your zip code. the techniques can help customize shopping experiences. but consumers argue aggressive
CNBC
Nov 5, 2013 9:00am EST
a shooting at an airport in los angeles. do you think malls are suffering from an image that they are extraordinarily unsafe, or is this just part and parcel of what's going on in the country? >> no, carl, actually, i think it's part and parcel of what's going on in the country. we've gone from movie theaters to airports to churches to synagogues to, you know, to malls. i mean, it wasn't about a month ago where we had the incident, the workplace violence shooting out on long island. it's part and parcel to what's going on today. and a bigger issue, the bigger issue is why. what's fuelling the 20-year-old-something male to pick a public venue to broadcast their disdain. and it's something we should examine. >> we're likely to see beefed-up security this holiday. thanks, paul. >> thank you. >>> orbitz, how will it navigate the holiday season? we'll speak to barney harford coming up, and rick is getting ready to talk to ed la sdpleer. >> absolutely. talking about debt and the debt ceiling. we know in january we're going to all potentially have some hangovers. well, are we g
CNBC
Nov 6, 2013 4:00am EST
? was it the latest from los angeles? as we do so, a reminder of where european stocks are currently trading. we're weighted to the upside. at farmers, we make you smarter about insurance. because what you don't know, can hurt you. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the more you know, the better you can plan for what's ahead. talk to farmers and get smarter about your insurance. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ [ passenger ] airport, please. what airline? united. [ indian accent ] which airline, sir? [ passenger ] united. whoa taxi! [ british accent ] what airline, then? [ passenger ] united. all right. [ spanish ] what airline? [ passenger ] united. ♪ [ mandarin ] which airline? [ passenger ] united. [ arabic ] which airline? [ passenger ] united. [ italian ] where are we going? [ passenger ] united.
CNBC
Nov 6, 2013 6:00am EST
? >> i have projects going on in new york, new jersey, florida and los angeles right now. i mean that's my money speaking for what i think where i want to be. i still think the multifamily space is best space of all real estate. there are reasons why. there are demographic components excellent for it now. house prices have gone up a little which is going to make buying a house less affordable for people. when you compare it to the retail and office sectors, the internet and technology have not destroyed part of the multifamily business. you can't put a kitchen in a bathroom in an ipad. >> you picked markets that are relatively hot though. >> yes. >> have you gone to detroit and said should i invest there or vegas? >> we had investments in vegas after the crash in 2008. we just sold them because there was a uplift in the market. there's no question there's a bunch of secondary cities now that are thriving. seattle which may or may not be secondary. orlando which is doing well. i think nashville is doing quite well. lots of other cities. global capital always wants to go to a small numb
CNBC
Nov 13, 2013 6:00am EST
don't like going to a place there's nothing to breathe. >> come to los angeles. it's the same thing. >> i knew i could count on you. see you later. >> it's not cheese though. where did that come from, it looks like swiss cheese? >> i thought it was green cheese not swiss cheese. >> i could see you as a space traveler. >> i know. andrew, the funny thing is, he's scared to death of planes and going up on this thing. >> pretty much. >> was that a serious discussion about people buying the moon? you can't actually sell property rights to the moon. >> people own parts of the earth. >> who's going to decide who gets what chunk? who owns it now? >> christopher columbus my friend. have to get there first. >> i don't think anybody should own it. >> they can't own pork and can't own the moon. right joe? >> yes. >> more worried about the bacon. >>> when we come back, a pension story that affects more than a million teachers. the president of the american m talks about it. we'll find out more why when we come back. the last thing i want is to feel like someone is giving me a sales pitch, especi
CNBC
Nov 13, 2013 9:00am EST
boorstin has the details for us live in los angeles. hi, julia. >> carl, to encourage you to spend more time streaming netflix videos on your tv set, it is transforming the app for televisions. now, looking to make the netflix experience more immersive, it features more damages, more synopsis and personalized recommendations based on your viewing history and what your friends like to make netflix more social. they say it's the biggest change to the interface in tv history, and first to roll out simultaneously. the new interface will be available on newer smart tvs, blu-ray players, roku box, and the current generation of xbox 360 and the playstation 3, as well as the new playstation 4, which launches friday. the new look will not work on microsoft's upcoming xbox 1 or the apple tv, because of the way the companies control their devices, and it will not affect how netflix looks on computers, ipads or smartphones. now, netflix says its members collectively watch more than a billion hours of netflix a month, and most of that is on their tv sets. having a single software platform across the
CNBC
Nov 27, 2013 6:00am EST
, and most recently los angeles, allowing travelers to park for free with one catch. >> the catch? someone may rent your car while you're gone. if they don't, it will sit in a parking lot like these except you won't owe anything when you get back. but if it's rented, there will be some money waiting for pup. >> flight car gets you to and from the terminal, insures rentals up to $1 million, screen drivers for good driving and they're equipped to fix the occasional uh-oh. >> getting it repaired for me. >> it's the creation of two guys not even old enough to rent from the big boys. kevin petrovich and rasul departe. both 19 and both putting ivy league educations on hold. >> we did pretty well and i think we decided to continue. i think by that point, our parents were a little more adjusted to the idea. >> for those renting, it will save them up to 730% off formal car rentals. >> we've done just over 3,500 rentals since february. >> off to the airport, kate will know soon enough if her ford goes exploring again without her. ron mott, nbc news, boston. >> that is an incredibly unique idea. prob
CNBC
Nov 29, 2013 9:00am EST
is live at a target in los angeles with more on that. julia, good morning. >> reporter: good morning, simon. there are more than 1,000 people in line here when target opened last night, rushing in for limited door-buster deals, including a $239 50-inch flat-screen tv which sold out almost immediately. it stayed busy until 1:00 a.m. local and really quieted down. it's starting to pick up again. the mall that the target is located in just opened up. now, it's not just the flat-screen tv that people are going for. all sorts of televisions continue to be really popular. also, a lot of apple products this year. we're seeing a lot of people walk out with ipads and ipad mi minis. target had a special deal giving a gift card to those who bought the air. a lot of people going for electronics. headphones are a big seller. the accessories and games for the new video game consoles. and, also, people are just going for toys. planning ahead for the big holiday season. here's what shoppers told us. >> i got a tablet for my son so he could be able to download apps and music. >> we came for the sales
CNBC
Nov 18, 2013 6:00am EST
on sunday morning. it didn't engadanger any of theville los angeles and no evacuation was ordered. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. life's an adventure and it always has been. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsaf
CNBC
Nov 22, 2013 9:00am EST
wells covering alcohol once again, joins us from los angeles. hey, jane. >> reporter: carl, i'll talk about two things we care more than anything else, booze and bathrooms, in that order. as we head into thanksgiving, the wall street p.r. consulting firm incognito has come up with a list of cocktails. the mary jo white russian, a stiff prescription, feminine, but also aggressive, and the obama cared comes on the rocks. i suggested the jpmorgan marguerite tachlt and on twitter, beth offers the tape arena, it takes forever to be served and keeps threatening to drop you on your butt, but you can magically keep drinking. where do you go after that? you go to the restroom. where is the best public bathroom? i consider myself an expert. one, i travel a lot. two, i'm female. in the past, i've liked the women's room at the airport in ft. smith. i was amazed at the options on the toilets. and then the waterfall urinal in the men's room at the madonna inn on california central coast. somewhere, there is a photo of me in my wedding gown in there. but that restroom, as amazing as it is, was only
CNBC
Nov 27, 2013 9:00am EST
, if you get on a site, you can choose from four options, basically, the san francisco bay, brooklyn, los angeles, or new orleans for the service. i imagine you'd like to make it available to many more parts of the country. what's the best way to do so? >> well, next year, we'll be rolling out in cities across the country. really, with each city, we're partnering with the best local farms, best independent food makers making this delicious. the same folks you'd find at a farmers' market, but here able to offer full-service grocery with meats, seafoods, breads, prepared meals. we partner with them on the ground. we build the distribution hub, our food hub, and we're able to provide home deliveries five days a week. >> rob, forgive me for asking the european nanny state question here, but how do you -- what is your liability here? how do you know that the seafood or the meat is going to be okay, or are you putting yourselves legally in the middle of what might be quite a costly legal challenge if something, god forbid, went wrong? you're not controlling the supply chain here, are you? >> no
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